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This question belongs to Commerce Insurance

Insurance

?

An alternative to bonus method of distribution of surplus is

A) Lapsation method B) Contribution method C) Accumulation method D) None of the above

Answer & Solution

Correct Answer: Option B

An alternative to bonus method of distribution of surplus is Contribution method. Contribution method is a method of apportioning loss among multiple insurers.

Question posted by Examveda

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